Polestar Response to U.S. Tariff Changes

Thomas Ingenlath, CEO of Polestar, criticized the recent decision by the Biden administration to significantly hike tariffs on Chinese-made electric vehicles (EVs) to 102.5%, a sharp increase from the previous 27.5% The new regulations, aimed at electric vehicles manufactured in China and imported into the U.S., have been described by Ingenlath as erratic In response, Polestar is planning to diversify its production globally to mitigate the impact of these tariffs..